A. On April 1 2015, Sanford and Sons purchased equipment for $87,500 which had an estimated useful life of 3 years with an expected residual value of $5,000. At Dec 31, 2018, the equipment's accumulated amortization is $60,000. Prepare the journal entry to record the sale of the equipment at the end of the fifth year for $25,000 cash. (4 marks)

B. If double declining balance depreciation method were used. What would be the amount of amortization expense at for the year at Dec 31, 2016.